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What Is RevPro
RevPro is the world’s first out-of-box revenue automation software that automates and manages every process in the revenue cycle – seamlessly integrating into any ERP system to deliver unparalleled visibility, functionality and configurability to the revenue recognition and reporting process.
Introducing The RevPro Revenue Automation Suite
Guidance for corporate accounting and finance has become increasingly complex. Over the past 15 years, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have adopted standards and procedures that mostly impacted the high-technology industry and new guidance based on the Revenue Exposure Draft will expand that industry reach significantly. Most ERP systems evolved when revenue recognition requirements were limited. Computations were initially easy to manage in Excel spread-sheets. As the computations have increased in complexity, Excel has been pushed to its limits – flexibility, risk of error, and capacity are routine issues faced by revenue teams. ERP system providershave lagged in providing integrated revenue recognition capabilities – so there is a gap between what is available and what accounting guid-ance requires or companies need. The gap is best characterized by identifying the keysystem-based shortfalls.
#1 NO CONCEPT OF FAIR VALUE OR RELATIVE SELLING PRICES
#2 NO CONCEPT OF ARRANGEMENT LINKING/GROUPING
#3 NO CONCEPT OF REVENUE ALLOCATION
#4 NO COMPLEX DEFERRED REVENUE MANAGEMENT
#5 NO OUT-OF-BOX REVENUE-SPECIFIC
REPORTING
#6 NO EASY PATH TO FORECASTED REVENUE
Why It Matters
Changes in accounting guidance increase the risk that errors will occur in Excel-based computations. Managing a company’s most critical account – revenue – outside of the ERP system adds additional risk. Audit costs can be higher than required as a result. Process improvements are more challenging when visibility into the process is limited. All of these – and many more – suggest that incorporating the revenue calculations and processes into the existing ERP system is not only a good idea but a needed one.
Why ERP Systems Aren’t Up To The Task
*Revenue Dashboard
Top 6 Reasons ERP Systems Fall Short
© The Leader in Revenue Cycle Automation
What’s In RevPro
REVENUE ALLOCATION
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REVENUE INTELLIGENCE
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REVENUE MANAGEMENTRevenue Allocation
Full-featured fair value analysis and revenue
allocation
REVENUE REPORTING
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Revenue ManagementComprehensive Deferred Revenue and COGS Management
Revenue IntelligenceFlexible operational and analytical revenue reporting
Revenue ReportingRobust and complete revenue reporting
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REVENUE INTELLIGENCE
Collect andStratify Historical Data
Perform VSOEand BESP Analysis
Identify and Group Arrangements
Allocate Revenue
Review andApprove Adjustment
Post Adjustmentsto A/R or G/L
Run Period-end and Reconciliation Reports
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ERP SYSTEMSMicrosoft Dynamics GP
NetSuite
Oracle E-Business Suite
PeopleSoft Enterprise
SAP ECC
Other
BUSINESS INTELLIGENCE
CognosOracle Hyperion / OBIEE
SAP BW / BOBJOther
RevProOn Premise
OnCloudRevPro
Salesforce.comTime Tracker Application
Other
3RD PARTY EXTERNAL SYSTEMS
RevProBI ADAPTER
Collect Bookingand InvoiceData
Apply Contingencies toArrangements
Auto-releaseDeferredRevenueBased on EventTriggers
Manual Adjustments
Post Revenueto ERP System
RunPeriod-endand ReconiliationReports
Collect RevenueAllocation and/orManagement Data
Deliver to Pre-defined Templates
View Reportsand Dashboards
Update in Real-time
Publish Reports and Dashboards toDistributionList(s)
Build / ViewCustom Reportsand Dashboards
Interface to External BusinessIntelligenceSystems
REVENUE ALLOCATION
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$
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£ ¥£
$
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$ €£¥
REVENUE MANAGEMENT
How RevPro Works
The source system interfaces to RevPro’s system-specific OnPremise or OnCloud adapter
New or changed source data is collected in the RevPro staging area via the adapter
RevPro-specific revenue calculations are made in the relevant module
RevPro data is made available to the reporting module or external BI tool
Calculations are posted to the ERP system’s G/L or A/R
© The Leader in Revenue Cycle Automation
Full-featured Fair Value Analysis and Revenue Allocation
Revenue Allocation automates fair value/relative selling price analysis, arrangement linking/grouping, and revenue allocation processes that result from ASC 605-25 (fka EITF 08-1) and ASC 985 (fka SOP 97-2) and, anticipates those expected from revenue convergence. As a result, revenue teams are able to leverage the most flexible and feature-rich tool on the market with the confidence that results are easy to get and accurately reflect business activity.
REVENUE ALLOCATION
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$
€
€£¥
¥£
£ ¥£
$
¥£
REVENUE REPORTING
$
£¥
€
$ €£¥
REVENUE MANAGEMENT
$
011010110110110110110110
REVENUE INTELLIGENCE
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Comprehensive Deferred Revenue and COGS Management
Revenue Management automates revenue and COGS deferral and recognition for all companies – emerging to global enterprises – through the use of adaptable contingenciesand release event triggers. With easily configurable review and approval capability,process time to determine revenue or COGS is simplified and shortened. As a result, revenue teams are able to leverage the most comprehensive tool on the market with the confidence that results are easy to get and accurately reflect business activity.
Collect booking data Auto apply contingencies to arrangements Auto-release deferred revenue on trigger(s)
Manually adjust arrangements Post revenue to ERP system Deliver data to reporting or BI tool
Robust and Complete Revenue Reporting
Revenue Reporting delivers module-specific operational reports every revenue user needs to close a financial period – whether it’s the month, quarter or year-end – and is included when RevPro Allocation or Management is licensed. From reconciliation reports to revenue waterfall reports, Revenue Reporting gives the revenue group answers to revenue-related questions and, more importantly, readies them to answer auditor questions.
Auto-collect Revenue Allocation or Revenue Management data Deliver RevPro data to pre-defined report templates View pre-defined reports Update reports in real-time
Publish reports to distribution lists Report categories Revenue allocation and carve-out Contingent revenue and COGS recognition Period closure SOX and audit
Flexible Operational and Analytics Revenue Reporting
Revenue Intelligence enhances the core capabilities found in Revenue Reporting by extend-ing operational report capabilities and adding performance analytics dashboards – giving key decision makers up-to-the-minute revenue visibility and metrics needed to support operating decisions. Users are able to leverage a wide range of pre-formatted reports or the reporting platform’s options that enable them to build their own reports or dashboards.
Collect and stratify historical data Perform VSOE or BESP value analysis Identify and group arrangements Allocate revenue based on relevant guidance
Review and approve allocation adjustments Post adjustments to the G/L or A/R Deliver data to reporting or BI tool
Auto-collect Revenue Allocation or Revenue Management data Deliver RevPro data to pre-defined report templates View pre-defined reports Update reports and dashboards in real-time
Publish reports and dashboards to distribution lists Build/view custom reports or dashboards Interface to external BI systems Archive period-end reports
© The Leader in Revenue Cycle Automation
Why Top-Tier Companies Use It
Eliminate time-consuming and error-prone spreadsheets Simplify all aspects of revenue and COGS management Compute and manage multiple element arrangements over revenue life Produce faster period-end close and reporting cycles Stay current and in compliance with the latest accounting guidance Enable real-time revenue visibility Accurately forecast revenue Standardize and integrate revenue best practices Lower annual audit costs Accelerate acquisition integration Reduce compliance and restatement risks Make the accounting team more efficient Provide relevant reporting and analytics everywhere on-demand Integrate revenue tools into the ERP system
(408) 988-5800 [email protected] www.Leeyo.com
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About Leeyo
Leeyo Software, Inc. is the leading provider of software for revenue cycle automation. The company was founded by seasoned accounting and IT professionals to help equip powerful and effective revenue teams in any business – from emerging to global enterprises. Leeyo’s mission is to modernize a company’s finan-cial organization with 21st century work tools and to replace Excel as the tool-of-choice. Leeyo’s software products are used by leading companies around the world to automate their revenue recognition process.
What Our Customers Say
‘Holding our revenue data within a single system and calculating revenue consistently outside of a spreadsheet were extremely important to us. Housing our revenue information in one place will assist us to forecast and slice-and-dice our data more thoroughly than we ever could before RevPro.”
Stuart MarCorporate ControllerA10 Networks, Inc.
The customized revenue spreadsheet we were using had grown beyond practical use - and it only continued to grow, month by month. We knew we had to either customize our ERP system or find existing technology on the market that would deliver the capabilities we knew we needed. Leeyo turned out to be exactly the right choice.”
Kathy PearsonDirector of RevenueHarmonic, Inc.
Our experience with RevPro has been extremely positive – my team has become real believers in Leeyo and their products. RevPro has simpli-fied our month, quarter and year-end processes, saved us time, and allowed us to meet and exceed our internal requirements for both speed and accuracy.”
Michael KirtlandDirector of Revenue AccountingBrocade, Inc.
© 2013 Leeyo Software, Inc. All Rights Reserved. Other names may be trademarks of their respective owners.